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RAAY

This fund is in our universe, but the data needed to grade it was not available when this generation was scored.New York Stock Exchange Arca

Reckoner Yield Enhanced AAA CLO Annual ETF

Reckoner · Inception 2026-02-11

$103.16+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Feb 11, 2026.History starts Feb 11, 2026.
Intraday session: up, 5 prints from 103.07 to 103.16. Range 103.07 to 103.16. Use the arrow keys to read each point.$103.08$103.12Sep 17Sep 18Sep 22Sep 23
Expense ratio
0.35%
Fund size
$15M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$103.17
52W range
low $99.56high $103.16

Our read on RAAY

ETF.net Research

A AAA CLO strategy with one deliberate quirk: it aims to make a single distribution a year instead of a monthly income drip. Same senior-CLO engine as its sibling fund, different payout rhythm.

Stated mandate

The Fund seeks total return and aims to make only one dividend or distribution payment each year.

Why people hold it

  1. 01The whole point: it aims to make only one dividend or distribution payment a year, so income accrues inside the fund instead of landing in your account monthly.
  2. 02Same senior AAA CLO portfolio as its sibling, the Reckoner Yield Enhanced AAA CLO ETF. The annual payout is a scheduling choice, not a different strategy.
  3. 03Cheaper than its stablemate RAAR, which runs the same underlying strategy at 0.40%: this one charges 0.35% a year.
  4. 04Standard 1940 Act registered fund wrapper, not a partnership or a note, around a corner of credit built on senior CLO tranches.

Worth knowing

  1. 01Fees sit above the cohort: 0.35% versus a 0.25% median for AAA CLO ETFs, with the category's largest names (JAAA, CLOA, PAAA) near 0.20%.
  2. 02Cash arrives on the fund's calendar, not yours: one distribution a year means no monthly income stream to spend or reinvest.
  3. 03One of the newer entrants in a crowded AAA CLO field: a 2026 launch with a small asset base and light trading, so spreads and order type matter.

RAAY Holdings

As of Sep 20, 2026, 9:29 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
RAAA99.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RAAAReckoner Yield Enhanced AAA CLO ETF99.85%615,400$15M1
002—U.S. Bank Money Market Deposit Account 06/01/20310.15%23,457$23K100

Showing 1–2 of 2 holdings

RAAY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RAAY$10,133
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. RAAY $10,133. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RAAY. Periods over one year show the average yearly return.
PeriodRAAY
Year to dateFund launched this year—
1 month+0.7%
3 months+1.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RAAY
YearReturn barRAAY
2026 YTD+3.2%

Since listing, Feb 11, 2026

RAAY in the news

ETF.net Research hasn’t filed on RAAY yet — coverage lands here as it’s written.

RAAY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

RAAY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.06
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RAAY Cost

Expense Ratio
0.35%